EX-99.3 4 ex99_3.htm AT&T INC. NON-GAAP WIRELESS RECONCILIATION ex99_3.htm
Financial Data
                                               
                                                 
AT&T Inc.
                                               
Non-GAAP Wireless Reconciliation
                         
Wireless Segment OIBDA
                                           
Dollars in millions
                                               
Unaudited
                                               
   
Three Months Ended
   
3/31/2008
 
6/30/2008
 
9/30/2008
 
12/31/2008
 
3/31/2009
 
6/30/2009
 
9/30/2009
 
12/31/2009
                                                 
 Service Revenues
  $ 10,605     $ 10,894     $ 11,227     $ 11,523     $ 11,646     $ 11,960     $ 12,372     $ 12,585  
 Equipment Revenues
    1,180       1,082       1,345       1,318       1,192       1,262       1,255       1,232  
    Total Operating Revenues
    11,785       11,976       12,572       12,841       12,838       13,222       13,627       13,817  
                                                                 
Operating Expenses
                                                               
 Operations and support
    7,150       7,287       8,615       8,492       7,886       8,428       8,645       8,701  
 Depreciation and amortization
    1,542       1,510       1,466       1,507       1,499       1,504       1,490       1,550  
    Total Operating Expenses
    8,692       8,797       10,081       9,999       9,385       9,932       10,135       10,251  
                                                                 
Operating Income
    3,093       3,179       2,491       2,842       3,453       3,290       3,492       3,566  
                                                                 
Plus: Depreciation and amortization
    1,542       1,510       1,466       1,507       1,499       1,504       1,490       1,550  
OIBDA
    4,635       4,689       3,957       4,349       4,952       4,794       4,982       5,116  
OIBDA as a % of Service Revenue
    43.7 %     43.0 %     35.2 %     37.7 %     42.5 %     40.1 %     40.3 %     40.7 %
                                                 
OIBDA is defined as operating income (loss) before depreciation and amortization. OIBDA differs from segment operating income (loss), as calculated in accordance with generally accepted accounting principles (GAAP), in that it excludes depreciation and amortization. OIBDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. OIBDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with GAAP. Our calculation of OIBDA, as presented, may differ from similarly titled measures reported by other companies.